News

Ireland: Quinlan hits US roads to raise funds

QUINLAN Private, the investment company headed by former tax inspector Derek Quinlan, is undertaking an institutional roadshow in America with a view to raising at least €500m to fund future deals. The coast-to-coast tour of investment funds represents a new departure for Quinlan, who has traditionally tapped wealthy individuals.

The precise amount to be raised will be finalised only after the three-week tour is completed, but the money is being raised to ensure “flexibility” in chasing deals. Sources have suggested that the fundraising could reach up to $1 billion (€790m). Originally it was speculated that Quinlan was looking to raise money for an eastern European property investment fund, but it is expected that the money will now be used for general purposes and may also include non-property deals.

Quinlan is currently in the process of building a business in America on the strength of his extraordinary rise to prominence in